US trade rep to raise Bangladesh issue with Trump

A US trade representative has agreed to raise the possibility of reducing Bangladesh’s current 20% reciprocal tariff with President Donald Trump, CA Press Wing said in a release today.

In response to a request from National Security Adviser Khalilur Rahman, who is currently visiting Washington DC, US Trade Representative Ambassador Jamieson Greer has agreed to raise the matter with Donald Trump, bringing Bangladesh’s tariff rate to more in line with regional competitors, the release said.

“Both sides have developed an innovative and forward-looking solution to support Bangladesh’s export priorities. Under a proposed preferential scheme discussed yesterday by Khalilur and Ambassador Greer, Bangladesh would receive tariff-free access to the US market for textile and apparel equivalent to its imports of US-produced cotton and man-made fiber textile inputs, measured on a square-meter basis,” it added.

Terming the approach as “creative” and “win-win”, the release said it would strengthen bilateral trade, support Bangladeshi manufacturers and workers, and deepen supply-chain ties with US producers.

“It reflects growing momentum and goodwill in US–Bangladesh economic relations and marks a promising new chapter for Bangladesh’s global trade prospects,” it added.